Recent Blog Posts
-
The Bill That Wouldn’t Die
Nov 21 20099:30 pm EDT -
Republicans Talk Turkey on Health Care
Nov 20 20093:54 pm EDT -
Contracts Stolen From Veterans
Nov 19 20093:57 pm EDT -
Main Street's Credit Crunch
Nov 18 20095:41 pm EDT -
Criminalizing Failure
Nov 17 20095:55 pm EDT -
Casablanca on the Potomac
Nov 16 20095:22 pm EDT -
So Big It Will Fail?
Nov 10 20093:02 pm EDT -
Health Care’s ‘Wild West’
Nov 09 20093:57 pm EDT -
Obama's Secret Jobs Plan
Nov 06 20093:13 pm EDT -
Health Bill Wins Key Support
Nov 05 20093:15 pm EDT
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Barney's Big Day
Looks like the House is getting ready to pass Barney Frank's proposal to allow shareholders a non-binding vote on executive pay. The Massachusetts Democrat plans to stay on this. What's interesting to me is how little confrontation there's been between Frank and the administration. You're not seeing a slew of proposals to, say, regulate hedge funds. This is a pretty moderate proposal, one that the administration seems to be opposing only half heartedly and which overseas experience suggests isn't used very often anyway. Certainly the Dow hovering near 13,000 suggests the street isn't freaked out about this possibility. If it gets through the Senate, I'm willing to bet that George W. Bush just lets H.R. 1257, the Frank bill, without his signature, as provided by the constitution. That's what he did with McCain-Feingold which he once opposed. It's what presidents do when they cave.






